On 20/05/2013,
you requested for the version in force on 20/05/2013
incorporating all amendments published on or before 20/05/2013.
The closest version currently available is that of 01/07/2000.
SECOND SCHEDULE
Section 32(1) and (9)
Foreign Companies
1. The bodies corporate in question are bodies corporate not incorporated under the law of Singapore in the case of which any of the following conditions is fulfilled:
(a)
that the body corporate is by any means controlled (directly or indirectly) by persons resident in Singapore;
(b)
that more than one-half of the sums which, on a liquidation thereof, would be receivable by holders of share or loan capital would be receivable directly or indirectly by or for the benefit of persons resident in Singapore;
(c)
that more than one-half of the assets which, on a liquidation thereof, would be available for distribution after the payment of creditors would be receivable directly or indirectly by or for the benefit of persons resident in Singapore; or
(d)
that more than one-half —
(i)
of the interest payable on its loans and loan capital, if any;
(ii)
of the dividends payable on its preference share capital, if any; or
(iii)
of the dividends payable on its share capital, if any, not being preference share capital,
is receivable, directly or indirectly, by or for the benefit of persons resident in Singapore.
[S 114/76]
2. Where the identity of the persons by whom or for whose benefit any sum, assets, interest or dividends are directly or indirectly receivable depends on the exercise by a person resident in Singapore of a power of appointment or similar power, the sum, assets, interests or dividends shall, for the purposes of this Schedule, be deemed to be receivable directly or indirectly by or for the benefit of persons resident in Singapore.